The city of Omaha and the NCAA have agreed in principle to keep the College World Series in Omaha through at least 2030. But starting in 2011, Rosenblatt Stadium will no longer be the home of college baseball’s marquee event. That’s when the CWS will move to a new $140 million downtown stadium.

The 20-year agreement is an unprecedented step. Omaha has hosted the CWS since 1950 but has never had an agreement longer than five years at any given time. Key to the agreement were provisions intended to protect the city’s taxpayers: revenues from the new stadium will first be used to make annual payments on the construction debt.

The Omaha World-Herald, which has covered this long process in terrific detail at every step along the way, has plenty more on this very significant agreement (see link above).